socialism because

F.A. HayekHayek declared in 1961,

For over a hundred years we have been exhorted to embrace socialism because it would give us more goods. Since it has so lamentably failed to achieve this where it has been tried, we are now urged to adopt it because more goods after all are not important. The aim is still progressively to increase the share of the resources whose use is determined by political authority and the coercion of any dissenting minority.

"The Non Sequitur of the ‘Dependence Effect’"Download PDF

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